Shake Shack has signed a lease for 3,265 square feet at 1333 Broadway, announces Empire State Realty Trust, Inc. (NYSE: ESRT) (“ESRT”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area.
The Shake Shack lease closely follows the opening of the world’s largest Urban Outfitters store at the same building.
“Herald Square is marching up the Broadway Corridor attracting top retailers, which is part of the remarkable transformation of the neighborhood in which we were first movers in upgrading our own properties,” observes Thomas P. Durels, Executive Vice President, and Director of Leasing and Operations for ESRT.
Shake Shack, part of Danny Meyer’s Union Square Hospitality Group (USHG), reimagines its fine dining roots with fresh, simple, high-quality food at a great value. Established in 2004 in New York City’s Madison Square Park, Shake Shack is a fun and lively community gathering place with widespread appeal.
“Enhancing the streetscape and extending the shopping district between Times Square and 34th Street/Herald Square was always part of our original repositioning plan. It is logical that major retailers, along with restaurants and other fresh food operators, are attracted to Times Square South to support the influx of high quality office tenants and their thousands of hungry employees,” states Mr. Durels.
Landlord representation was provided by Fred Posniak of ESRT. Shake Shack was represented by Andrew Goldberg and Matt Chmielecki of CBRE.
With Shake Shack’s lease, a 2,737 square feet prime retail space remains available at 1333 Broadway. For more information, please contact Mr. Goldberg at 212-984-8155 or Andrew.goldberg@cbre.com.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of July 15, 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 732,000 rentable square feet in the retail portfolio. The Company also owns land at the Stamford, Connecticut Transportation Center that supports the development of an approximately 380,000 rentable square foot office building and garage.
Forward-Looking Statements
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